Markets

Felix’s Subsidiary, Felix Prime Metals, Acquires Tierra Fertilizer for Metals Recycling Expansion Felix Industries Limited's subsidiary, Felix Prime Metals Private Limited, has entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Tierra Fertilizer Private Limited. The acquisition, finalized via an agreement dated May 15, 2026, aims to bolster the subsidiary's capabilities in metals recycling and recovery.The purchase of Tierra Fertilizer Private Limited provides Felix Prime Metals with immediate access to a ready-to-operate manufacturing facility. This facility is crucial for the recycling and recovery of metals from both hazardous and non-hazardous waste, thereby supporting the group’s planned...

MPS Limited Announces Financial Results for Q4 and FY 2026; Approves Governance Appointments MPS Limited announced the approval of its audited financial results for the Fourth Quarter (Q4) and the Financial Year ended March 31, 2026, during a Board of Directors meeting held on May 15, 2026. The Board also confirmed key appointments for the company’s governance structure, including internal and statutory auditors.The company confirmed that M/s. Walker Chandiok & Co LLP, Chartered Accountants, issued an Auditor's Report on the Standalone and Consolidated Audited Financial Results, stating an unmodified opinion.Financial Performance Review The Board of Directors approved the Audited Financial Results for the Fourth Quarter and the...

DMCC Speciality Chemicals Announces Results, Recommends Dividend Following Board Meeting DMCC Speciality Chemicals Limited, formerly known as The Dharamsi Morarji Chemical Company Limited, announced the outcomes of its Board of Directors meeting held on May 15, 2026. The board considered and approved the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026.The company also recommended a final dividend of 25% (Rs. 2.50/- per equity share of Rs. 10/- each) for the Financial Year ended March 31, 2026, which is subject to shareholder approval at the ensuing Annual General Meeting (AGM).During the board meeting, the company also announced key appointments and dates:Cost Auditor...

Noida Toll Bridge Announces Financial Results for Q4FY26 and Full Year FY26 Noida Toll Bridge Company Limited (NTBCL) today announced its audited financial results for the Quarter and Year ended March 31, 2026 (Q4FY26 and FY26). The Board of Directors reiterated its commitment to maintaining the DND Flyway, a critical urban mobility corridor connecting Delhi and Noida, serving over 2.5 lakh daily commuters.The Company provided a detailed update on its operational stability, financial performance, and continuous upkeep efforts for the DND Flyway.Financial Performance Highlights The financial results show a significant uplift year-over-year, largely attributed to one-time exceptional income received during the reporting period.For...

Bhageria Industries Limited Shifts Registered Office to New Location in Malad Bhageria Industries Limited has completed the transition of its Registered Office. The company officially shifted its corporate headquarters from its previous location in Goregaon (West) to a new address in Malad (West), Mumbai, effective May 15, 2026.The change in the Registered Office moves the corporate center from Office No. 1002, 10th Floor, Topiwala Centre, Off S.V. Road, Goregaon (West), Mumbai City, Maharashtra - 400062. The new registered office is situated at 17th Floor, Office No. 1702, 9 Business Bay, Off New Link Road, Mindspace, Behind Evershine Mall, Malad (West), Mumbai - 400064.The company operates from multiple facilities across India...

ITC Hotels Acquires 100% Stake in Zuri Hotels and Resorts Private Limited ITC Hotels Limited announced the execution of a Share Purchase Agreement, following approval by its Board of Directors on May 15, 2026, to acquire 100% of the share capital of Zuri Hotels and Resorts Private Limited (ZHRPL).The acquisition positions ITC Hotels to strengthen its luxury portfolio by securing a stake in a strategically important, high-growth leisure destination. The acquired resort property is slated for renovation and rebranding as a premier luxury destination, aiming to unlock brand-led value and establish itself as a leading destination for leisure travelers and high-profile MICE (Meetings, Incentives, and Conferences) clientele.Operational...

Solve Plastic Products Limited Board Approves IPO Variation and Postal Ballot Report Solve Plastic Products Limited, formerly known as Solve Plostic Products Pvt Ltd, announced that its Board of Directors held a meeting on May 15, 2026. During the meeting, the Board, along with the Audit Committee, discussed and passed resolutions concerning the company’s capital structure and corporate governance procedures.The resolutions approved by the Board and Audit Committee included two key areas: the variation in the utilization of the Initial Public Offering (IPO) proceeds, and the submission of a report pertaining to the company’s postal ballot.The company specified that the postal ballot was conducted via electronic means through a...

Alembic Pharmaceuticals Announces Board Approvals and Recommends 600% Dividend for FY 2025-26 Alembic Pharmaceuticals Limited announced that its Board of Directors approved the Standalone and Consolidated Audited Financial Results for the quarter and the financial year ended March 31, 2026. The Board also recommended a dividend of Rs. 12 per Equity Share, equating to 600% for the financial year ended March 31, 2026, subject to shareholder approval.The company provided detailed financial statements for investors, covering the Standalone and Consolidated audited results, along with the Statement of Assets and Liabilities and Consolidated Statement of Cash Flows.Financial Results Highlights Standalone Financial Performance The...

Jain Irrigation Reports Strong Double-Digit Growth in Consolidated Revenue and EBITDA for FY26 Jain Irrigation Systems Limited (JISL) reported robust consolidated financial results for the quarter and full year ended March 31, 2026, highlighting strong performance across its diversified business segments. The company recorded consolidated revenue of ₹6,399.5 crore in FY26, marking a 10.7% year-over-year (YoY) increase, while consolidated EBITDA grew by 12.8% to ₹808.9 crore.JISL, a leading diversified entity since 1986, specializes in pioneering water management solutions through micro-irrigation. The company maintains a global presence with 19 manufacturing bases spanning four continents and serves over 10 million farmers across 126+...

Dalmia Bharat Appoints Tej Narayan Singh as Unit Head for Ramgarh and Gangapur Units Dalmia Bharat Sugar and Industries Limited has announced the appointment of Shri Tej Narayan Singh as the Unit Head for the company's Ramgarh and Gangapur Units in Uttar Pradesh. The appointment, made by the Nomination and Remuneration Committee, places him in the category of Senior Management Personnel.Shri Tej Narayan Singh was appointed to the role on May 15, 2026.The company reported that Mr. Singh brings substantial operational expertise and strong leadership skills to the role. He possesses rich experience spanning 31 years in managing sugar units, coupled with an educational background that includes an MBA in Finance and a Diploma in...

SEBI Unveils Major Order on India Electronic Development Fund, Signaling New Era for Sector Governance The Securities and Exchange Board of India (SEBI) released a significant order regarding the India Electronic Development Fund on May 15, 2026. This regulatory action marks a pivotal moment, signaling enhanced scrutiny and structural changes for the electronics sector’s dedicated investment mechanisms.The release of this order addresses critical governance aspects pertaining to the fund's operations. Industry observers anticipate that the directives will fundamentally alter how development capital is managed and allocated within India’s booming electronics market.Understanding the SEBI Regulatory Directive The SEBI order, released...

Marsons Limited Receives PGCIL Approval for 132kV Transformer Supply Marsons Limited has secured a major industry milestone, receiving approval from Power Grid Corporation of India Limited (PGCIL) to operate as a registered vendor for the supply and manufacturing of Transformers up to 132kV for POWERGRID projects.This approval follows a comprehensive assessment of the company's manufacturing infrastructure, quality management systems, high-voltage test facilities, and technical credentials. By obtaining this clearance, Marsons Limited becomes the only PGCIL-approved Extra High Voltage Transformer manufacturer across West Bengal and the neighboring states, including Odisha, Jharkhand, Bihar, Assam, Meghalaya, Tripura, Manipur...

Petronet LNG Limited Announces Schedule for Upcoming Analyst and Investor Conferences Petronet LNG Limited has announced the schedule for its upcoming analyst and institutional investor meets. The company has confirmed participation in several industry conferences in May and June 2026, which are slated to provide platforms for one-to-one and group discussions with investors.The detailed schedule of conferences and meetings is as follows:Date Particulars Type of Meeting Location27.05.2026 Investor Conference by Ashika Institutional Equities One-to-One/ Group Meeting(s) Mumbai28.05.2026 16th Annual Global Conference (Trinity) by 360 One (formerly B&K Securities) One-to-One/ Group Meeting(s) Mumbai02.06.2026 BofA Securities...

Cash Ur Drive Marketing Secures Purchase Order for National Transit Media Campaign Cash Ur Drive Marketing Limited has secured a purchase order from a leading multinational mobility and technology platform company operating in India. The contract involves the execution of a comprehensive transit media campaign spanning multiple cities across India.The contract, which falls under the category of advertising and transit media, mandates the execution of the campaign across various major Indian cities. The estimated size of the order has been reported as approximately ₹7,55,20,000/- (Rupees Seven Crores Fifty- Five Lacs Twenty Thousand Only), including applicable taxes.The contract details confirm that the awarding entity is a domestic...

SJVN Limited Approves Financial Results, Recommends ₹1.50 Dividend Per Share SJVN Limited announced that its Board of Directors, during a meeting held on May 15, 2026, approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. The board also recommended a final dividend of ₹ 0.35 per equity share for the financial year 2025-26, which is subject to shareholder approval.The final dividend recommendation supplements the interim dividend of ₹ 1.15 per equity share declared in February 2026, bringing the total dividend for the financial year 2025-26 to ₹ 1.50 per share. This dividend will be paid within the statutory period prescribed by law.Key Financial Highlights The company reported...

Sterling Tools Approves FY2026 Financial Results, Recommends Dividend, and Strengthens Leadership Team Sterling Tools Limited, an automotive components manufacturer, announced significant corporate developments following its Board meeting held on May 15, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, and also recommended a final dividend, alongside key leadership appointments and a strategic investment.Financial Performance Highlights The Board of Directors of Sterling Tools Limited approved the Standalone and Consolidated Audited Financial Results for the financial year ended March 31, 2026. The company's standalone and consolidated financial...

Ms. Uma Singh Resigns as Company Secretary and Compliance Officer of Davangere Sugar Company Limited Davangere Sugar Company Limited announced the resignation of Ms. Uma Singh from the roles of Company Secretary and Compliance Officer. Her resignation is effective from the close of business hours on Friday, May 15, 2026.Ms. Uma Singh, who holds Membership No. A67187, tendered her resignation citing personal reasons.The company confirmed that her last working day in the capacity of Company Secretary and Compliance Officer will be May 15, 2026.The Managing Director of Davangere Sugar Company Limited is S.S. Ganesh.DAVANGERE Stock Price Movement Today, Davangere Sugar Company Limited shares gained ₹0.03, settling at ₹3.84 after an...

Zaggle Prepaid Ocean Services Executes Agreement with Bikaji Foods International Limited Zaggle Prepaid Ocean Services Limited confirmed the execution of a commercial agreement with Bikaji Foods International Limited on May 15, 2026. The arrangement involves Zaggle providing specialized employee expense management and benefits services to the confectionery company.The agreement establishes the provision of Zaggle Save, an employee expense management and benefits solution, to Bikaji Foods International Limited. This domestic contract is set for a period of one year.Zaggle Prepaid Ocean Services Limited provided details regarding the contract terms, confirming that the agreement falls within the category of related party transactions...

Satin Creditcare Network Limited to Raise Up to INR 84.46 Crore Through NCDs Satin Creditcare Network Limited announced that its Working Committee of the Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) totaling up to INR 84,46,00,000. The approval for the issue was reached during a meeting held on Friday, May 15, 2026.The company plans to raise the capital through a private placement basis by issuing up to 8,446 subordinated, unsecured, rated, listed, redeemable, transferable, non-convertible debentures. Each debenture will have a face value of INR 1,00,000.The proposed debentures are subject to listing on BSE Limited. The issuance structure outlines a tenure of 84 months, with a Deemed Date of...

Bharti Airtel Receives Notice of Penalty from Department of Telecommunications for Verification Norm Violation Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT), Uttar Pradesh (East) LSA, regarding alleged violations of subscriber verification norms under its License Agreement. The notice, dated May 14, 2026, imposes a penalty on the company.The communication stems from a Customer Application Form Audit (CAF Audit) conducted by the DoT for March, 2026. Under the terms of the License Agreement, the company is required to ensure adequate verification of customers before enrolling them as subscribers.The key details of the communication, including the violation and penalty, are summarized...